Central Florida Investments, Inc.

The Pennsylvania Real Estate Investment Trust has unloaded its 50 percent interest in the Whitehall Mall.

The Philadelphia-based real estate investment firm began selling non-core properties in 2012 to fund upgrades to its top performing malls, and has since sold 15 assets raising a total of $420 million. It is the second local mall the firm has exited within the last six months.

In June, it sold the South Mall, which straddles Allentown/Salisbury Township line, for $23.6 million to Willow Grove-based Nicholas Parks Mall, LLC. PREIT also recently sold the property leased by Bon-Ton at the Westgate Mall.

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